SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) Sees Large Decline in Short Interest

SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 8,891,899 shares, a drop of 35.7% from the July 30th total of 13,837,492 shares. Based on an average daily volume of 2,161,590 shares, the short-interest ratio is currently 4.1 days. Currently, 6.7% of the shares of the stock are sold short.

SPDR Blackstone Senior Loan ETF Stock Down 0.8%

Shares of SRLN traded down $0.33 on Tuesday, hitting $40.47. The company’s stock had a trading volume of 1,992,810 shares, compared to its average volume of 3,687,688. The company has a 50 day moving average price of $40.40 and a 200 day moving average price of $40.34. SPDR Blackstone Senior Loan ETF has a fifty-two week low of $39.39 and a fifty-two week high of $41.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in SPDR Blackstone Senior Loan ETF by 14.5% in the second quarter. Bank of America Corp DE now owns 13,282,946 shares of the company’s stock valued at $552,438,000 after acquiring an additional 1,686,876 shares during the last quarter. Morgan Stanley grew its holdings in SPDR Blackstone Senior Loan ETF by 6.8% during the fourth quarter. Morgan Stanley now owns 11,164,717 shares of the company’s stock valued at $460,768,000 after purchasing an additional 706,376 shares during the period. Arizona PSPRS Trust grew its holdings in shares of SPDR Blackstone Senior Loan ETF by 2.5% in the 4th quarter. Arizona PSPRS Trust now owns 8,357,347 shares of the company’s stock valued at $344,908,000 after buying an additional 207,611 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of SPDR Blackstone Senior Loan ETF by 2.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,215,749 shares of the company’s stock worth $256,524,000 after acquiring an additional 144,542 shares in the last quarter. Finally, LPL Financial LLC increased its stake in SPDR Blackstone Senior Loan ETF by 4.2% during the 4th quarter. LPL Financial LLC now owns 3,837,057 shares of the company’s stock worth $158,355,000 after purchasing an additional 154,173 shares in the last quarter.

SPDR Blackstone Senior Loan ETF Company Profile

The SPDR Blackstone Senior Loan ETF (SRLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less. SRLN was launched on Apr 3, 2013 and is managed by State Street.